Former Loaf and Ladle building sold in Exeter

EXETER — The building that housed the Loaf and Ladle restaurant for many years has been sold.

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By Aaron Sanborn

seacoastonline.com

By Aaron Sanborn

Posted Jan. 10, 2014 at 2:00 AM

By Aaron Sanborn
Posted Jan. 10, 2014 at 2:00 AM

» Social News

EXETER — The building that housed the Loaf and Ladle restaurant for many years has been sold.

According to the new deed filed with the Rockingham County Registry of Deeds, the restaurant was purchased by Soaring Hawk LLC of 6 Kimball Lane in Lynnfield, Mass. Soaring Hawk is a limited liability company of Catamount Management Corp., according to the property's mortgage. The mortgage indicates that the restaurant was purchased for $400,000.

Steve Kaneb, manager of Soaring Hawk LLC, said there are no definite plans for the building at the moment.

"We don't have plans yet, but most likely it will be another restaurant," Kaneb said.

There is currently no timetable for the building's reopening and Kaneb said he would work closely with the town to determine how much work needs to be done to the building.

"It's a great location in a great community," Kaneb said.

Kaneb said Soaring Hawk is a real estate company he manages. He also works with HP Hood in Lynnfield but said that has no connection to the property purchase in Exeter.

The restaurant was put on the market in October 2013 and the sale was handled by Milbury Associates Inc.

The Loaf and Ladle was known for its homemade soups and breads and had a long tradition as a community gathering place.

Meredith Stolper, the building's former owner, filed for Chapter 13 bankruptcy in U.S. Bankruptcy Court in Concord in April 2013. Last month the bankruptcy court approved a motion for Stolper to sell the property free and clear of liens, claims, encumbrances and interest.

Kaneb said the back taxes owed to town for the property were handled in the sale.

Stolper recently opened The Loaf and Ladle Pantry at 100 Domain Drive at the Bauer Hockey headquarters. However, that location has been closed for days. When asked on their Facebook page if they were closed for good, someone from the Loaf and Ladle responded: "For now I guess! Thanks a lot for the support and keep your eyes out but, yeah 2014 has to be better than this!"